BG NEWS why is Bunge Limited price falling or rising

BG NEWS reasons for why stock price of Bunge Limited is falling or rising

BG Bunge is falling or rising technical reasons

Technical analysis forecast for Bunge Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Bunge BG at this time. Stock is falling and might fall more.

It appears as if Bunge BG gave a large move recently.

Stock of Bunge (BG) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Bunge is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 102.5 as stoploss in an intra day buy trade for a target of 104.63. However, stock will show a bearish move below 102.5.

BG Bunge is falling or rising NEWS fundamental reasons

Bunge Q1 Results: Profit falls on weaker agribusiness results, shares drop ​ Agricultural commodities trader Bunge Global reported a smaller-than-expected decline in first-quarter profit on Wednesday as good oilseed processing results in Europe and Asia blunted the impact of weaker grain trading margins. - NEWS as on 2024-04-24 indiatimes.com

More announcements and NEWS

BG Bunge Limited current price & indicator signals

Moving Averages for Bunge Limited

  • 5Day Average: 105.14
  • 12Day Average: 105.71
  • 20Day Average: 105.78
  • 50Day Average: 99.62
  • 100Day Average: 97.56
  • 150Day Average: 100.14
  • 200Day Average: 103.1

BG Indicators & signals

Indicator MACD (12,26,9)

105.29, 103.85, 2.23
Indicator MACD is in positive zone

Indicator ADX (14)

6.54, 20.83, 23.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BG Bunge Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Mon Apr 2024 103.48 102.01 to 103.56 0.73% 0.65 times
26 Fri Apr 2024 102.73 101.88 to 103.94 -1.28% 0.73 times
25 Thu Apr 2024 104.06 102.77 to 106.83 -1.64% 1.05 times
24 Wed Apr 2024 105.79 102.42 to 107.29 -3.49% 1.91 times
23 Tue Apr 2024 109.62 108.05 to 110.01 -0.12% 1.08 times
22 Mon Apr 2024 109.75 108.75 to 110.16 0.21% 0.84 times
19 Fri Apr 2024 109.52 106.38 to 110.27 2.83% 1.38 times
18 Thu Apr 2024 106.51 105.10 to 106.65 1.03% 0.7 times
17 Wed Apr 2024 105.42 104.44 to 105.60 1.41% 1.06 times
16 Tue Apr 2024 103.95 102.91 to 104.31 0.02% 0.73 times
15 Mon Apr 2024 103.93 103.17 to 105.59 0.15% 0.51 times
12 Fri Apr 2024 103.77 103.72 to 106.25 -2.03% 0.81 times

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